Chipotle Mexican Grill, Inc. $CMG Shares Acquired by Kera Capital Partners Inc.

Kera Capital Partners Inc. increased its stake in Chipotle Mexican Grill, Inc. (NYSE:CMGFree Report) by 149.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 219,808 shares of the restaurant operator’s stock after purchasing an additional 131,653 shares during the quarter. Chipotle Mexican Grill accounts for 1.1% of Kera Capital Partners Inc.’s investment portfolio, making the stock its 25th largest position. Kera Capital Partners Inc.’s holdings in Chipotle Mexican Grill were worth $8,544,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Walser Wealth Management Company A Ltd Liability Co acquired a new stake in Chipotle Mexican Grill in the fourth quarter valued at $203,000. MV Capital Management Inc. acquired a new stake in Chipotle Mexican Grill in the 4th quarter valued at about $26,000. Sunbelt Securities Inc. grew its stake in Chipotle Mexican Grill by 29.3% in the 4th quarter. Sunbelt Securities Inc. now owns 12,129 shares of the restaurant operator’s stock valued at $449,000 after acquiring an additional 2,745 shares during the last quarter. Invesco Ltd. increased its holdings in Chipotle Mexican Grill by 25.7% during the 4th quarter. Invesco Ltd. now owns 9,638,510 shares of the restaurant operator’s stock valued at $356,625,000 after acquiring an additional 1,970,870 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Chipotle Mexican Grill by 18.7% during the 4th quarter. Corient Private Wealth LLC now owns 304,414 shares of the restaurant operator’s stock valued at $11,263,000 after acquiring an additional 47,987 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

Analyst Upgrades and Downgrades

CMG has been the topic of several recent research reports. Guggenheim reduced their price target on shares of Chipotle Mexican Grill from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. DA Davidson assumed coverage on shares of Chipotle Mexican Grill in a research note on Friday, March 6th. They set a “buy” rating and a $51.00 price objective for the company. Citigroup lifted their price objective on Chipotle Mexican Grill from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Morgan Stanley set a $37.00 price objective on Chipotle Mexican Grill and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. Finally, Raymond James Financial reduced their target price on Chipotle Mexican Grill from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 21st. Twenty-three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.10.

Get Our Latest Report on Chipotle Mexican Grill

Chipotle Mexican Grill Trading Up 1.8%

NYSE:CMG opened at $32.43 on Friday. The firm has a market cap of $41.60 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99. The company’s 50-day moving average is $32.69 and its two-hundred day moving average is $35.17. Chipotle Mexican Grill, Inc. has a 12-month low of $28.03 and a 12-month high of $58.42.

Chipotle Mexican Grill (NYSE:CMGGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $3.09 billion for the quarter, compared to analysts’ expectations of $3.07 billion. Chipotle Mexican Grill had a net margin of 11.96% and a return on equity of 49.64%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the company earned $0.29 EPS. On average, equities research analysts forecast that Chipotle Mexican Grill, Inc. will post 1.13 earnings per share for the current fiscal year.

Chipotle Mexican Grill Company Profile

(Free Report)

Chipotle Mexican Grill is a fast-casual restaurant company known for its Mexican-inspired menu of burritos, bowls, tacos and salads. Founded in 1993 by Steve Ells, the chain emphasizes fresh, customizable meals made from a limited menu of core ingredients and a focus on ingredient quality. Chipotle operates primarily company-owned restaurants and offers dine-in, takeout, catering and delivery through its own digital platforms and third-party partners.

The company is headquartered in Newport Beach, California, and traces its roots to Denver, Colorado.

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Institutional Ownership by Quarter for Chipotle Mexican Grill (NYSE:CMG)

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